Equifax (NYSE:EFX) Updates Q2 2024 Earnings Guidance

Equifax (NYSE:EFX) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.650-1.750 for the period, compared to the consensus earnings per share estimate of 1.870. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Equifax also updated its FY 2024 guidance to 7.200-7.500 EPS.

Equifax Stock Down 0.4 %

Shares of EFX stock traded down $0.89 on Wednesday, reaching $237.68. 1,566,536 shares of the stock were exchanged, compared to its average volume of 787,436. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average price is $259.23 and its 200 day moving average price is $231.00. The company has a market capitalization of $29.53 billion, a price-to-earnings ratio of 54.02, a PEG ratio of 1.91 and a beta of 1.51. Equifax has a twelve month low of $159.95 and a twelve month high of $275.10.

Equifax (NYSE:EFX) last issued its earnings results on Wednesday, April 17th. The credit services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. Equifax had a net margin of 10.36% and a return on equity of 19.40%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share. As a group, sell-side analysts expect that Equifax will post 7.53 earnings per share for the current fiscal year.

Equifax Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a $0.39 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.56 annualized dividend and a yield of 0.66%. Equifax’s dividend payout ratio is presently 35.45%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EFX shares. Needham & Company LLC restated a buy rating and issued a $305.00 price objective on shares of Equifax in a research note on Friday, February 9th. TheStreet upgraded shares of Equifax from a c+ rating to a b- rating in a research note on Friday, December 29th. Bank of America upgraded shares of Equifax from an underperform rating to a buy rating and upped their price objective for the company from $164.00 to $300.00 in a research note on Monday, January 8th. Stifel Nicolaus upped their target price on shares of Equifax from $208.00 to $289.00 and gave the company a buy rating in a report on Tuesday, January 9th. Finally, Truist Financial upped their target price on shares of Equifax from $270.00 to $285.00 and gave the company a buy rating in a report on Friday, February 9th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $267.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFX. Penserra Capital Management LLC boosted its position in Equifax by 8.5% during the fourth quarter. Penserra Capital Management LLC now owns 637 shares of the credit services provider’s stock worth $123,000 after acquiring an additional 50 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Equifax by 4.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,188 shares of the credit services provider’s stock worth $231,000 after acquiring an additional 50 shares during the last quarter. BSW Wealth Partners boosted its position in Equifax by 3.5% during the first quarter. BSW Wealth Partners now owns 1,518 shares of the credit services provider’s stock worth $308,000 after acquiring an additional 51 shares during the last quarter. United Capital Financial Advisers LLC boosted its position in Equifax by 4.0% during the first quarter. United Capital Financial Advisers LLC now owns 1,411 shares of the credit services provider’s stock worth $334,000 after acquiring an additional 54 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Equifax by 5.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,041 shares of the credit services provider’s stock worth $202,000 after acquiring an additional 57 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Equifax Company Profile

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.